Credit Risk Associate

  • Competitive
  • London, England, United Kingdom
  • Permanent, Full time
  • Janus Henderson Investors
  • 15 May 18
  • 2018-05-15

The primary purpose of this position is to provide support to the Credit Risk Team in the measurement, evaluation and reporting of credit risk across all areas of the business globally.

Janus Henderson Investors is a leading independent global asset manager, dedicated to delivering the best outcomes for clients through a highly diversified range of actively-managed products.

We support our individual and institutional investors across a range of products, encompassing equities, fixed income, multi-asset and alternatives.

We are a team of independent and innovative thinkers who work tirelessly to help our clients achieve their goals – and we do it by fostering an energetic and collaborative culture that ensures our people love the place they work.

Janus Henderson is a truly global asset manager with US$370.8bn1 of assets under management. We have a diverse geographic footprint, employing over 2,000 staff in 27 office locations globally. Headquartered in London, we are dual-listed on the New York Stock Exchange and the Australian Securities Exchange.

¹Janus Henderson pro-forma AUM as at 31 December 2017

The Department

The Credit Risk team manages the authorisation and review process for JHI’s counterparties, and monitors credit exposures generated by funds and Janus Henderson’s corporate activities. Its key objective is to avoid credit losses due to the failure of a counterparty.  It is responsible for the running of the Credit Risk Forum (“CRF”) which includes representatives from various parts of the business.

Overview of the Role

Provide assistance to the team in the measurement, evaluation and reporting of credit risk across all areas of the business globally and provide clear information to CRF, Fund Boards and senior management as necessary. Carry out daily exposure risk monitoring activities, regular reporting, counterparty credit analysis, adhoc investigation, IT enhancement and provide other assistance to the Credit Risk function as necessary.

Duties and Responsibilities

• Undertake daily credit risk monitoring, oversight and reporting activities for derivatives and FX trading, money market, securities lending and other cash balances. Review transactions, exposures, reconciliations, and escalate issues as appropriate;
• Act as minute secretary, and prepare agenda, for monthly CRF meetings;
• Compile Credit Risk board papers for quarterly fund board meetings;
• Monitor macroeconomic indicators, market trends and other external data for potential counterparty and general credit risk impact;
• Prepare formal counterparty credit analysis as required
• Undertake research, information-gathering and co-ordination for any adhoc projects, as required;
• Develop familiarity with ratings agencies’ processes and monitor all counterparty ratings on a continuous basis.
• Develop good working relationships with other Janus Henderson departments

Other Functions

Assumes additional duties as assigned.

Supervisory Responsibilities

• None

Technical Skills and Qualifications

Essential
• Ability to work to deadlines and prioritise multiple tasks
• Ability to work on own initiative and work with minimal supervision
• Proficiency in using Excel, and a willingness to develop to advanced level
• Creative, problem solving ability
• Ability to integrate quickly into a small team
• Willingness to take on routine, as well as technical and conceptual, tasks.

Highly Desirable
• Familiarity with Bloomberg; ability to create ad hoc Bloomberg reports
• Completion of, or studying for, IMC qualification
• Ability to write accurate meeting minutes
• Familiarity with “CAMELS” analysis of banks, or willingness to become adept at bank analysis.

Competencies Required

• A strong problem solving, analytical and objective mind-set
• Strong relationship-building attributes
• Strong interpersonal skills with the ability to communicate effectively at all levels
• Team player with a flexible results driven approach
• A focus on delivery and attention to detail.
• Ability to work effectively under pressure, manage conflicting priorities and meet tight deadlines
• Ability to act under own initiative
• Ability to adapt quickly in a rapidly changing environment
• Willingness to add value by challenging current processes and create efficiencies

Ongoing competence in the role to be assessed by:

• Annual Performance Appraisal
• Completion of all assigned Compliance training

Compliance Requirements

At a minimum the role requires the individual to:
• Place the interest of Janus Henderson’s Clients first and always act in accordance with TCF (Treating Customers Fairly) principles
• Understand and comply with any federal, state, and foreign laws and regulations applicable for the role, and seeking the guidance of Compliance if this is unclear at any time
• Understand and comply with all relevant Janus Henderson policies applicable for the role, and seeking the guidance of the relevant policy owner if this is unclear at any time.
 
The individual in the role is ultimately accountable for his/her own actions and is responsible for seeking further information on any or all of the above as necessary.

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